Description

Vacant land opportunity! Bring your ideas to this vacant residential lot located on a quiet street. The property was previously home to a duplex, which has since been removed, offering a fresh start for future development. Conveniently located close to both the high school and public school. A great opportunity to build in an established neighborhood! Services available on the property. (id:66096)

Market Timing

Days on market

64d

Terrace Bay listings, avg age

250d

List price

$15K

Homes here sell slower than most markets

Sold homes in this market spent an average of 90 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 90.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Terrace Bay has been listed for 64 days, which is 186 days fresher than the city average of 250. Act while there is still low competition.

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Area context

Neighbourhood profile (P0T)

This home lists at $15,000, about 0.2× the local median household income of $77,000.

Carrying it typically needs a household income of about $2,930 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 32,000
Median age: 45.6
Owner / renter: 84% / 16%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0T)

$15,000

For sale

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Financing

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17 BIRCH Crescent, Terrace Bay - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P0T)

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Need a commercial mortgage?